Why Did Netflix Shares Tumble?

Netflix is failing to impress investors, which sent the stock tumbling in the hours after it reported earnings. Dan Gallagher reports on Markets Hub. Photo: Reuters.

This transcript has been automatically generated and may not be 100% accurate.

... I ... what he what he did walk me like Netflix ... I he was one thing in particular Paul VI when making their forecasts for on what the expected four editions from their domestic streaming operation ... I was really well below Wall Street expected from them ... on Netflix argues that its seasonality being in fact the footy full-year guidance for this number that was actually ahead of the St ... he said because the way the count Fleet seasonality in the second quarter is gonna be really low ... so I think we are seeing this morning is you know is a reaction in kind of a debate among indices remained on ... the spot ... now you're seeing a debate among analysts about whether a really believe that she's now the not for the pink Neflix can really get that number and I think it shows that there's a lack of confidence in the management at Netflix queue to trust what they're saying ... you know we we ever since a big bet that move link in this but that businesses and did the whole winter thing it's a total ... bomb which they then re untreated from over the cap the price I can ... I'm yeti ... that has come ... on a sour ... that management and Reed Hastings analysts and to answer their skeptical that all of the second quarter could be worse we get the you're right the better team do you think people are still Cup understood anything coastal punishing Netflix for their vaccines ... I think there's some of that that was made to its Contiki mine stock is still up pretty strongly for the year ... of a euro to play seen a bag traction now he remains I think what are the more controversial stocks a night that I'd cover artwork here ... because of the difference between the people were bullish on in bearish on a canal ... aam and how strong they are in their opinions aam but yet we are seeing is there's ... there's a fair manner portions on ... a house performance especially when you break down with her guiding for the year ... that need to get out of very strong second half of the year in order to make them for your